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Money & The Economy

News on Finance, Money, markets and the economy

Most Americans OPPOSE defense spending cuts

Another leftist myth has been debunked and shown to be a farce: the myth that a majority of Americans support deep defense spending cuts. You may remember, folks, that last year, the University of Maryland and the extremely leftist “Center for Public Integrity” commissioned a rigged poll which claimed that 66% of Americans supported cutting defense spending to the tune ...

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Internet Taxation

Today 21 Republican Senators vote to tax Americans even more, while five Democrats voted against higher taxes. Shame on those republicans, and applause for those five Democrats. Those Republicans that are worthy of scorn are listed below. When they begin bragging about how wonderful they are and attempt to distract you with lies, don’t buy into their deceit. They will ...

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It’s Always Christmas If You’re a Politician

What is it about an elected official that compels rich people to want to give him gifts? Do they look needy? Hungry? Depressed? Is there a secret gift registry of which I’m unaware? Could it be a mentoring program where plutocrats adopt a middle–class governor or attorney general and show them how capitalism has paid off? Sort of a rescue ...

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GDP Growth Increasing 3% In July – Not Because Of Obama Policy Change

What is this thing called Gross Domestic Product (GDP)? It is everything produced by all the people and all the companies in the US and in the world. Key upon the word “produced” in the preceding sentence. Until now, the word “produced” referred to the total market value of all final goods and services produced in a country in a ...

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JCPenney is back – JCP is out

Early last February, JCPenney rolled out its “Fair and Square Everyday Pricing Plan”. It didn’t take long for push back from consumers, analysts, and just about everyone with an opinion, either. The primary complaints weren’t limited to the new pricing program, because in addition to price tag changes, the department store started radically changing floor-plans and reduced product selection in ...

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Rebuttal of the 6 most popular myths about nuclear weapons

As it continues to campaign for deep cuts in America’s defenses, the Left has particularly aimed its arrows at the US nuclear deterrent, which protect America and over 30 of its allies against the most catastrophic threats: a nuclear, chemical, or biological attack; a large-scale conventional attack; and nuclear proliferation. It is the most effective nonproliferation program ever enacted. It ...

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Ford Motor Company U.S. Sales Up 18 Percent

2013 Lincoln MKZ

Ford Fusion, Ford Escape and new Lincoln MKZ Set Sales Records DEARBORN, Mich., May 1, 2013 /PRNewswire/ — Ford Motor Company April U.S. sales up 18 percent compared to last year – best April sales since 2007, with cars up 21 percent, utilities up 16 percent and trucks up 16 percent Fusion and Escape both establish April sales records, with sales increases ...

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More states making move to gold, silver as legal tender

gold as legal tender

Arizona senators voted 18-10 on Tuesday to pass a measure that would make gold and silver legal for use as tender for payment. Earlier this month the same legislation cleared the Arizona House which leaves only Governor Jan Brewer’s signature before it becomes law. While U.S. currency will continue to be accepted in the Grand Canyon State, the new bill ...

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Happy Days! Twinkies to Return Soon!

No need to test the longevity of your Twinkies purchased pre company breakup, your favorite snack may be back on the shelves as soon as July! A Columbus, Georgia Dolly Madison plant is scheduled to be up and running by July. The reformulated Hostess Brands expects the most popular products to be back on the shelves this summer. In a ...

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Optimizing Your Dollar: It’s Not Used; It’s Retro

Isn’t it nice when being stylish is also being economical? This week as you look for ways to optimize your dollar think about ‘used’ clothes. Thrift stores and consignment shops have lost their negative connotations, instead becoming the new trendy way to shop. Here are several ideas for your consideration. When my son was born we had a neighborhood second-hand ...

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Employment situation still dicey as more jobs lost than expected

Initial jobless claims come in than economists had forecast showing a still weak jobs climate. The Labor Department said Thursday that initial jobless claims for the week ending April 13th came in at a seasonally adjusted 352,000 which was slightly higher than expectations of 350,000 and an increase of 4,000 over last week’s numbers. The employment market has not yet rebounded even ...

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Rand Paul supports amnesty, bilingualism, and open borders, opposes employment verification

In recent weeks, Rand Paul has made a meteoric rise in Republican politics, dramatically raising his name recognition, winning (albeit by a slim margin) a CPAC straw poll, and successfully duping many conservatives (including some of my friends) into believing that he’s more sane and more practical than his nutty father, whom Republican voters rejected overwhelmingly in 2008 and 2012. ...

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Defense Issues Weekly

Defense Budget Unveiled   On Wednesday, April 10th, Defense Secretary Chuck Hagel unveiled the FY2014 defense budget request, to the tune of $526.6 bn for the base defense budget. It optimistically assumes – as the DOD previously did – that sequestration will be repealed. Accordingly, it is $52 bn over the budget cap set by sequestration for the DOD for ...

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Rebuttal of Rebecca Griffin’s blatant lies

The leftist Hill magazine has recently published yet another ridiculous op-ed by an anti-defense hack, this time, Rebecca Griffin, the “political director” of “Peace Action West”, a pacifist group. The op-ed is an entire litany of blatant lies. This article will refute them.   Titled “Congress has a blind spot for Pentagon spending”, it begins by falsely claiming that defense ...

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How NOT to promote economic reform in France

In a recent American Spectator article, the magazine’s Paris correspondent, Joseph Harriss, narrates how American businessman Maurice Taylor was asked by the French government to save the ailing Goodyear company and its tyre factory in Amiens. Taylor visited the factory several times and held talks with the French government and labor unions, but their demands in terms of pay, retirement ...

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