John A. Parnell, Ph.D.
Economics and rational thinking eventually run into political reality. If we weren't there before the President's speech on Wednesday, we are now. Obama's attempt to revive his quest for government control of the healthcare system ....
The U.S. dollar has fallen to its low for the year. Anticipating a recovery, many investors are moving from relatively safe dollar-based securities back to stocks. With the Fed keeping interest rates artificially low and ....
Obama's health care initiative is in trouble. Leftists are unwilling to support any proposal that does not include a government option, and moderate Democrats are backing away from any proposal that does. In his search ....
Sometimes things just don’t add up. The White House just revised its budget deficit projection for the next 10 years upward by $2 trillion—about $7K more for every man, woman and child in the U.S. ....
“Evil corporations” are often charged with profiting unethically or from the misfortunes of others. Airlines collect an estimated $2 billion each year in ticket change and cancellation fees from fliers. Chain retailers often charge more ....
It looks like the end of the so-called public option in the President’s healthcare reform package. While Obama continues to speak in generalities, Health and Human Services Secretary Kathleen Sebelius made the following comment on ....
Our founding fathers instinctively knew that governments usually create more problems than they solve. However, the modern liberal clings to the notion that an expanded government is usually good for society. Most conservative-liberal debates today ....
Obama’s Car Allowance Rebate System (CARS)—better known as CASH FOR CLUNKERS—is another in a long string of wasteful government programs. Under CARS, you can get a $3500 or $4500 government cash voucher when you trade ....
What’s wrong with mixing a little socialism with capitalism? Isn’t it a good idea to pool our resources and share risks sometimes? If we do this when we buy insurance, then what’s wrong with government ....
Obama economic advisor Laura Tyson has suggested that another “economic stimulus” is needed to prime the economic pump because the first one just wasn’t big enough. Although not officially speaking for the President, Tyson’s sentiment ....