John A. Parnell, Ph.D.
The Democrat Congress approved another bailout, this time $26 billion for states. Supposedly, the bill won’t increase the deficit and will help states keep from laying off teachers and first responders. There is so much wrong with this bill, but I’ll be as succinct as possible. First, this bill—like the others—WILL increase the deficit. We […]
Read MoreThere may be no such thing as a free lunch, but it is often available at a reduced price, especially for governments willing to privatize services. A number of examples of local government waste have been reported lately. In a less publicized case, a July 19 Wall Street Journal story opened with the following: “Faced […]
Read MoreGeneral Motors announced on Thursday (July 22) that it would acquire AmeriCredit for $3.5 billion (details at http://online.wsj.com/article/SB10001424052748703467304575382810481110230.html). GM hasn’t had its own lending arm since 2006 when it sold GMAC. Recall that GMAC pushed 72-month car loans to nonprime buyers and questionable mortgages before it got a $17 billion government bailout in 2008. It’s […]
Read MoreI’ve quit counting the complaints I heard from the left about “unfettered capitalism” in the past couple of weeks. In an interview with Republican Whip Eric Cantor, a talking head inferred that “unfettered capitalism” underpins our current economic woes and the government should do something about it. To my dismay, Rep. Cantor did not challenge […]
Read MoreThe mainstream media has been proclaiming the beginnings of an Obama economic recovery for some time, but it just hasn’t materialized yet. There is an occasional hopeful sign, but the short term still looks mediocre at best, while the crisis in Europe has temporarily boosted the dollar. Some economists are warning that deflation might be […]
Read MoreLabor unrest is becoming more widespread in China. Earlier this year, 10 workers at Hon Hai Precision Industry Company in Shenzen jumped to their deaths, a tragedy allegedly linked to poor working conditions in the factory. Hon Hai is the world’s largest contract electronics manufacturer and is a supplier to companies like Apple and HP. […]
Read MoreDemocrats in South Carolina recently chose Alvin Greene to take on Jim DeMint this November for a US Senate seat. Greene, who is unemployed and currently faces felony obscenity charges, never seriously campaigned for the office. The legitimacy of his win has been challenged by notable Democrats from SC Congressman Jim Clyburn to Obama advisor […]
Read MoreAccording to Hillary Clinton, the rich aren’t paying their fair share of taxes, not just in the U.S. but throughout the world: “The rich are not paying their fair share in any nation that is facing the kind of employment issues…whether it’s individual, corporate or whatever…taxation forms,” she told an audience at the Brookings Institute […]
Read MoreThis post was inspired by a caller on Thursday’s (5/20/10) Wilkow Majority who claimed that few economists accept the Laffer curve as valid. I hear this half truth from time to time, and it follows a left wing pattern of discrediting an idea by citing “experts” instead of developing a well crafted argument. Let’s go […]
Read MoreConspiracy theories about a one-world government have been around for decades. Years ago I thought they literally referred to a universal government like the United Nations, but with real authority that trumps that of duly-elected national leaders. What we’re experiencing now is a major shift in the same direction, but it’s much more subtle. There […]
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