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June 18th, 2010

Steve Wynn Rips Washington

If you’ve ever wanted to understand a businessman’s perspective on tax policy, pay attention to Steve Wynn. The video is a classic:

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Posted by Jerry Pomeroy as Economics, Obama Presidency, Taxation, Video at 6:37 AM UTC

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June 9th, 2010

A Tax-Policy Primer

For all those who think “taxing the rich” is a good idea, The Heritage Foundation explains the simple truth: higher taxes will hurt the poor more than the rich. Read on…
Now is the Worst Possible Time for Tax Hikes
Posted June 7th, 2010

Friday brought yet another grim jobs report. The economy created 431,000 jobs in May [...]

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Posted by Jerry Pomeroy as Best Of the Web, Economics, Taxation at 3:46 PM UTC

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June 7th, 2010

Just In Case Anyone Cares

Enjoy Bloomberg’s lastest warning — but who’s paying attention?

U.S.’s $13 Trillion Debt Poised to Overtake GDP

By Garfield Reynolds and Wes Goodman

     June 4,2010 (Bloomberg) — President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called [...]

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Posted by Jerry Pomeroy as Best Of the Web, Economics, Obama Presidency at 6:34 AM UTC

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May 25th, 2010

Here Comes The Future

Following is a USA TODAY story you may not see in the LA Times. The key phrase in this economic mix is “not sustainable.” A fiscal crisis akin to Europe’s current woes is a question of when, not if. It’s only a matter of time.  
“Private pay shrinks to historic lows”
By Dennis Cauchon, USA TODAY
     “Paychecks from private [...]

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Posted by Jerry Pomeroy as Best Of the Web, Budgets, Economics, Government Blunders, Obama Presidency at 6:11 AM UTC

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January 17th, 2010

Willie Brown’s Remarkable Statement

     During the last several decades, liberal Democrats have dominated California politics, but the pinnacle of their power was reached in the first years of this century. Gray Davis was Governor, all 5 statewide offices were held by Democrats and both state legislatures were dominated by Democrats. California had become the Petri dish of liberal wish fulfillment.
     Budgets were crafted on [...]

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Posted by Jerry Pomeroy as Budgets, Economics, Government Blunders at 5:00 PM UTC

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December 13th, 2009

Sealing America’s Fate

     The government of the United States is awash in a sea of red ink. The current debt ceiling of $12.1 trillion will be breached shortly, an event laced with foreboding. With the national debt forecast to exceed $20 trillion during the next decade, a rational person would expect someone in Washington to call a halt [...]

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Posted by Jerry Pomeroy as Budgets, Economics at 3:04 PM UTC

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October 6th, 2009

Cash For Clunkers Folly

     Two months ago I predicted that the “Cash For Clunkers” program would not produce the results trumpeted by the Obama administration. Rather, it would be yet another government boondoggle. Well, lo and behold, the Wall Street Journal just this Sunday past confirmed the lunacy of destroying assets as a way to create wealth. Here’s what [...]

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Posted by Jerry Pomeroy as Best Of the Web, Economics, Government Blunders at 6:40 PM UTC

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September 25th, 2009

America’s 300 Pound Gorilla

Two videos and one article on the looming problem of hyper-inflation:
 

Inflation Could Spell End of U.S. Financial System
FORT LEE, N.J., Sept. 25 /PRNewswire/ — The National Inflation Association today released the following statement to its members:
“It’s unbelievable how Federal Reserve Chairman Ben Bernanke said that the U.S. recession is ‘very likely over,’ but once again [...]

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Posted by Jerry Pomeroy as Best Of the Web, Economics, Video at 5:42 AM UTC

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July 10th, 2009

A Second Stimulus!?

The National Debt Road Trip:
 
Paul Krugman, noted columnist for the New York Times, has come out in favor of another stimulus plan. The proverbial feather could knock me down. How can such a smart man be so wrong? I guess I shouldn’t be surprised. America’s intelligentsia of the 1920s and 1930s bought communism hook, line and [...]

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Posted by Jerry Pomeroy as Economics, Government Blunders, Obama Presidency, Taxation, Video at 6:59 PM UTC

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July 8th, 2009

Irresistible Force Meets Immovable Object

Whatever one may think about President Barack Obama’s politics, one thing is certain. He is a man of action. Following in the tradition of Franklin Delano Roosevelt, Obama has an agenda to pursue and the determination to relentlessly push for its implementation. At their inaugurations, both men faced dire economic circumstances not of their making. Both [...]

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Posted by Jerry Pomeroy as Economics, Obama Presidency at 7:30 PM UTC

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