Someone is better off now than four years ago, but who?
VIDEO: Andrew Napolitano - Who Is Better Off Now?
Someone is better off now than four years ago, but who?
Detroit News: Estimate Of Auto Bailout Loses Soar
Losses to Treasury expected to exceed $23 billion. The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.'s steep stock decline. In its monthly report to Congress, the Treasury Department now says it expects to lose $23.6 billion, up from its ... MOREPaul Conner: EPA Uses Junk Science To Justify Regulations
Public servants or public masters? The Environmental Protection Agency has used bogus “press release science” to defend analyses of how Clean Air Act regulations affect the public’s health while downplaying their economic costs, two congressmen declared Tuesday. In an unusually lengthy 11-page letter, Maryland Republican Rep. Andy Harris and Georgia Republican ... MOREWSJ: To Increase Jobs, Increase Economic Freedom
by John Mackey. Is the United States exceptional? Of course we are! Two hundred years ago we were one of the poorest countries in the world. We accounted for less than 1% of the world's total GDP. Today our GDP is 23% of the world's total and more than twice as large as the No. 2 country's, China. America became the wealthiest country because for most of our history ... MOREVIDEO: John Stossel - Infrastructure Spending
Roads and bridges present a noble facade for political pork.
Ralph Reiland: The Public's Distrust
Taxpayers identify government as the problem. The good news is that Americans' distrust of government is at its highest level ever. It's good news because it shows the public recognizes how poorly we're being governed. Not much good comes out of trusting people who shouldn't be trusted — not much good comes out of reelecting them, either. Only 9 percent of ... MOREAP: Post Office Is Another Government Debt Machine
Loses mount to $5.1 billion. The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume. The financial losses for the year ended Sept. 30 came despite deep cuts of more than 130,000 jobs ... MOREWeekly Standard: Obama Has America Powering Down
Federal regulation is killing energy development. American energy policy is increasingly defined in terms of what is prohibited, not what is promoted. Coal, nuclear, and natural “shale” gas all have been hampered by the current administration. And the last three weeks have offered two more examples of how America’s byzantine energy laws and policy deter ... MOREThomas Sowell: Will Republicans Blow It?
Another Bush-McCain type could be coming. Justice Oliver Wendell Holmes said that a good catch phrase could stop thinking for 50 years. One of the often-repeated catch phrases of our time — "It's the economy, stupid!" — has already stopped thinking in some quarters for a couple of decades. There is no question that the state of the economy can affect elections. ... MOREWalter E Williams: Poverty In America
Let's look at a few poverty facts. According to CBS News, "the number of people in the U.S. living in poverty in 2010 rose for the fourth year in a row, representing the largest number of Americans in poverty in the 52 years since such estimates have been published by the U.S. Census Bureau." MSNBC said, "The U.S. poverty rate remains among the highest in the developed ... MOREPeter Wilson: Politicizing The Farmers' Market
Farmers don't need politicians and do-gooders to run market. I don't understand those "No Farms, No Food" bumper stickers you see around places like Cambridge and Berkeley. Isn't it obvious? Why not "No toy factories, no toys?" "No Apple, No iPods?" "No Chickens, No Eggs?" (Or is it the other way around) Is there a nefarious anti-farm lobby I don't know about? ... MOREVIDEO: Thomas Sowell - Jobs Or Snow Jobs?
President Obama's words call for more jobs, but his actions result in fewer.
Mark Steyn: The Supercommittee Is A Joke
Finding savings by ... adding to deficit? Have you been following this so-called supercommittee? They're the new superhero group of superfriends from the super-Congress who are going to save America from plummeting over the cliff and into the multitrillion-dollar abyss. There's Spender Woman (Patty Murray), Incumbent Boy (Max Baucus), Kept Man (John Kerry) and many other ... MORESheldon Richman: Back To Economic Basics
Understanding the role of human action. Lately I’ve landed in discussions about whether there is such a thing as human action. I’m not kidding. Some educated people have their doubts. Just to be clear from the outset, human action, as Ludwig von Mises pointed out, is purposeful behavior, as opposed to the reflex that occurs when the patellar ... MORE
Thomas Sowell: The Real Cain Scandal
There is no cost to making false allegations. The real scandal in the accusations against Herman Cain is the corruption of the law, the media and politics. Let's start with the law. Some people may think the fact that the National Restaurant Association reportedly paid $45,000 to settle a claim made by one of its employees against Mr. Cain is incriminating. Most of us are ... MORE
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