Category Archives: Money

Q1 GDP Down 2.9%: Admin says – meh

Today we learned that the Gross Domestic Product of the United States decreased by 2.9% in the first three months of 2014 – a number greatly different than dismal .1% increase the administration reported initially. How could this be? According to the Huffington Post Obamacare had just saved the economy from contraction.. or something. As… Read More »

The Economy: National Review and de Rugy promote suicidal “free trade” policies, attack Ex-Im

Last month, the National Review’s pseudoconservative editors (who, BTW, supported John McCain for reelection in 2010) and NRO blogger Veronique de Rugy (a scholar at the GMU’s Mercatus Center) launched another idiotic, ignorant attack on the Export-Import Bank and on the Boeing company (one of the Bank’s beneficiaries). Why the Ex-Im Bank is needed, and… Read More »

What today’s economic news tells us about the ‘recovery’

Listening to the President, his administration, some in Congress and several news reports, many would say the economy is recovering slowly but gaining traction. Seeing the economic data released today may reveal a somewhat more real reality. The unemployment figures released this morning seem promising, but only in a vacuum. Claims dropped 24,000 to a seasonally-adjusted… Read More »

How Britain Achieved – And Lost – Economic Preeminence – And Lessons For The US

In the mid-19th century, and in the first few decades afterwards, Britain was an unmatched military, economic, colonial, and thus geopolitical colossus, by far the most powerful country in the world. There was no country that was even close to matching the military or economic power of Britain, which had the largest empire in the… Read More »

Whose party platform is it?

Today is May 1st, also called the “International Workers’ Day”, a communist feast par excellence, celebrated by communists and socialists, indeed by Leftists of all stripes, around the world. So I would like to ask you, Dear Readers, if you can recognize which socialist party had the following platform? Whose party platform is it? (No… Read More »

Stop Maligning the Export-Import Bank. America Needs It.

Recently, pseudoconservative Sen. Mike Lee (R-UT) and a few of his Congressional chums, along with the neoconservative Heritage Foundation, have resumed their utterly misguided and dishonest propaganda campaign against the Export-Import Bank, maligning it with a litany of lies. Furthermore, because the Bank’s 2-year operating authorization is set to expire soon, Lee and his fellow… Read More »

Rand Paul is the one distorting Reagan’s foreign policy

  Ronald Reagan was such a successful President – especially in the foreign policy realm – that virtually all Republicans today want to project themselves as the next Reagan and claim that their foreign policy is the same as Reagan’s in order to woo national security oriented voters. One such politician is Sen. Rand Paul… Read More »

What Western powers should do in response to Russia’s aggression

  The Russian aggression against Ukraine, initiated by President Vladimir Putin, has surprised many but not me, and should have surprised no one. It is simply an inevitable consequence of the West, and especially America’s, shameless appeasement policy towards Russia combined with a long-running policy of unilateral disarmament (while Russia, under Vladimir Putin, has been… Read More »

Apple’s Stock drops on underperforming iPhone Sales

Apple announced earnings today and it wasn’t what analysts had expected to hear – the tech giant missed expectations and gave lower future guidance. Apple sold 51 million iPhones during the last quarter vs. analysts expectations of 55 million units. The company also announced that it expects to bring in $42-44 billion in revenues. Analysts… Read More »

Shock: EPA Administrator Pushes Job-Crushing Climate Regs But Is Incapable Of Supporting President’s Warming Claims

In a hearing yesterday on climate regulation, Senator Sessions pressed EPA administrator Gina McCarthy to support the President’s statements on warming which are used to justify massive proposed administrative actions which would hurt millions of workers. McCarthy proved unable and unwilling to support the President’s claims despite being the central figure crafting and implementing EPA… Read More »

Latest Jobs Report ‘Very Bad’

Directly contradicting President Obama’s claim yesterday that the recovery is “very real”, the latest jobs numbers show an employment situation that even White House friendly MSNBC had to call “ugly” and “very bad.” From a political perspective, there is a silver lining – the unemployment rate, which most news outlets report on, dropped to 6.7%… Read More »