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Money & The Economy

News on Finance, Money, markets and the economy

The Opportunistic Politics Rolls On

Just as the American people begin eying the torches and pitchforks, readying their maps of Washington, DC, the establishment politicos have set themselves to brazenly cover their butts yet again. This time, they are proposing a way to absolve themselves from tough votes on raising the debt ceiling. In the aftermath of our current President’s disingenuous declaration that raising the ...

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Why the government shutdown is the worst idea ever

House Speaker John Boehner flanked by his House colleagues. Photo credit: Associated Press/J. Scott Applewhite. Never, ever shut down the federal government again. – President Bill Clinton, 1996 State of the Union Address   As everyone knows, on October 1st at midnight, the federal government shut down for the first time in 17 years. This event has had and will ...

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Quantitive Pain

Ben Bernanke out, Janet Yellen in. But, don’t worry, the same failed fiscal policy will continue chugging along. For those playing catchup, since 2008 the Fed has been using a practice called “Quantitative Easing” or QE. Since the interest rates have already been at or near 0%, it’s the Fed’s way of inflating the money supply. The theory goes that ...

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Federal Government: Embarrassing to the Point of Painful

As the so-called “government shutdown” drags on, one thing is hard not to admit: the Obama Administration is acting in a manner that is attempting to extract the maximum amount of pain on the American people. While many are wondering how it came to this point, those of us who actually paid attention in Social Studies, Civics and American History ...

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To win, Republicans should focus on economics

As I have written a number of times here on CDN, the GOP is viewed very negatively by the majority of the American public, especially women, youngsters, and minorities – key demographics that the GOP absolutely must win over to remain a viable party, let alone to win future elections. What is the key to winning their votes? It’s not ...

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The Flat Tax fantasy

In the wake of the recent IRS scandal, some well-intentioned but badly misguided people have begun touting the flat income tax (called the flat tax for shorthand) as a replacement for the current tax code. They claim it would be an antidote to the IRS’s abuses and curb that agency’s powers while also supercharging America’s economy. But they are dead ...

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Shock! IMF cuts global economic forecast.. for third time this year

Tuesday, the IMF updated it’s World Economic Outlook downgrading three-out-of-four of the world’s most powerful economies. While the Eurozone was given an outlook putting them more into reverse, the U.S. and China are now expected to grow even more slowly than the previous projections. Only Japan was given an improved outlook. News reports have spun the three consecutive downgrades as ...

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Rebuttal of the WSJ’s garbage pro-disarmament screed

On June 19th, after Barack Obama’s infamous Berlin speech, the Wall Street Journal published an utterly ridiculous, irredeemably biased, and misleading article propagandizing in favor of Obama’s proposals to further cut America’s nuclear deterrent. The screed, written by extreme leftists Adam Entous and Julian Barnes, proves how far the WSJ has moved by now, and proves that the WSJ is ...

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Rebuttal of Kingston Reif’s and Greg Thielmann’s newest lies – about missile defense

Kingston Reif – a pacifist propagandist working for the extremely-leftist “Council for a Livable World” – has shown his utter ignorance, as well as his extremely leftist beliefs and desires to disarm the US unilaterally, on quite a few occassions, and in December, I even took the time to completely refute his utter garbage calling for scrapping the nuclear triad. ...

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How to counter Chinese hacking and theft of US weapon designs

  Gen. Chang Wanquan, the current Chinese Minister of National Defense. Photo by the Central Military Commission of the PRC. On Tuesday, May 28th, the Washington Post and the Washington Free Beacon reported, and the DOD confirmed, that designs and performance parameters (and other classified information) for dozens of US weapon systems had been stolen in recent weeks by Chinese ...

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Defense Issues Weekly: Arms Control Association nothing more than a leftist propaganda group

Russia continues building up its nuke arsenal Russia continues to steadily build up and modernize its strategic and tactical nuclear arsenal, in line with the stated wishes of Russian leaders and Moscow’s current nuclear doctrine. That doctrine prioritizes nuclear weapons above all others in Russia’s arsenal, makes them the basis of Russia’s security and superpower status, treats the US and ...

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Large American Pork Producer Sold to Chinese

Virginia-based pork producer Smithfield Foods (SFD.N) entered an agreement with China’s Shuanghui International for a $4.7 billion, all-cash buyout. Smithfield has been under pressure from it’s largest shareholder, Continental Grains, to break into multiple companies and increase its dividend. The meat producer opted to sell out to foreign interests. The deal will likely lead to an increased flow of American-grown ...

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Defense Issues Weekly – May 28th

NOTE: From this edition forward, Defense Issues Weekly will appear on weekdays. This week, it will appear on Tuesday, and afterwards, it will appear on Mondays. US on course to gut its military… With sequestration in effect and no prospect of it being cancelled, the DOD will have to cut an additional $550 bn from its budget over the next ...

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HumanEvents is now officially a leftist, anti-defense magazine

  A Reagan picture produced by the Heritage Foundation. Over the last few years, HumanEvents has repeatedly published garbage anti-defense screeds by professional blowhards, but usually it’s been just Pat Buchanan and, occassionally, Byron York – two well-known blowhards. Now, however, HumanEvents is officially a leftist, anti-defense magazine, having just published its newest anti-defense screed, written by Steven Greenhut. In ...

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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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