If you’ve ever wanted to understand a businessman’s perspective on tax policy, pay attention to Steve Wynn. The video is a classic:
Posted by Jerry Pomeroy as Economics, Obama Presidency, Taxation, Video at 6:37 AM UTC
You are at the archive for "Economics" category
June 18th, 2010
Steve Wynn Rips Washington
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 [...]
Posted by Jerry Pomeroy as Best Of the Web, Economics, Taxation at 3:46 PM UTC
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 [...]
Posted by Jerry Pomeroy as Best Of the Web, Economics, Obama Presidency at 6:34 AM UTC
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 [...]
Posted by Jerry Pomeroy as Best Of the Web, Budgets, Economics, Government Blunders, Obama Presidency at 6:11 AM UTC
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 [...]
Posted by Jerry Pomeroy as Budgets, Economics, Government Blunders at 5:00 PM UTC
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 [...]
Posted by Jerry Pomeroy as Budgets, Economics at 3:04 PM UTC
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 [...]
Posted by Jerry Pomeroy as Best Of the Web, Economics, Government Blunders at 6:40 PM UTC
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 [...]
Posted by Jerry Pomeroy as Best Of the Web, Economics, Video at 5:42 AM UTC
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 [...]
Posted by Jerry Pomeroy as Economics, Government Blunders, Obama Presidency, Taxation, Video at 6:59 PM UTC
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 [...]
Posted by Jerry Pomeroy as Economics, Obama Presidency at 7:30 PM UTC