In January 2009, then president-elect, Barack Obama, rode into Washington, DC on an Amtrak train. His, pre-inaugural, one-day trip was a symbolic nod to Lincoln’s similar journey, some years ago. Exactly one month later, now, President Obama signed in-to-law the American Recovery and Reinvestment Act (ARRA). The ARRA, among other things, provided $8 billion towards … Continue reading
Category Archives: Economy
“Let Detroit Go Bankrupt”
Attributed to Mitt Romney, this is a common attack by Democrats – Mitt Romney said “let Detroit go bankrupt.” It was repeated last night by Vice President Biden who portrays Barack Obama as the valiant defender of the auto industry and the millions of jobs that go along with it. But, as with much that … Continue reading
One Giant Leap for Aerospace
Last Sunday, the private aerospace company SpaceX launched the first commercial resupply mission to the International Space Station (ISS). This launch, carried out by the company’s Falcon 9 rocket, is part of a $1.6 billion contract signed with NASA in 2006 to carry out at least 12 such missions. The unmanned launch carried needed supplies … Continue reading
The Eurozone’s Post-Crisis Challenge
The future of the Eurozone appears to hinge on Southern Europe at the moment. But eight states, almost all of them in Eastern Europe, may also play a role in the future of the currency bloc in the coming years. Under the terms of their entry to the EU, these states have agreed to adopt … Continue reading
Mitt Romney vs. Wall Street?
Mitt Romney – a 21st century Thurston Howell; a Wall Street shill; the man who invented the silver spoon. This is the narrative that democrats have tried to create concerning the republican presidential nominee. And yet during the first debate on Wednesday, Romney sounded a populist tone as it relates to Wall Street and big … Continue reading
Obama-Biden Plan: Round Two
It seems that the approaches on how to fix the economy fall on two distant sides. Mr. Obama proposes raising taxes on the wealthiest in the nation to increase revenue and help lower the deficit. Mr. Romney offers an extension of tax cuts to everyone, while reducing the deficit by closing loopholes. In the past … Continue reading
We’re still waiting Mr. President
As the new jobs report was released this morning, everyone across the country held their breath to see if the new unemployment numbers would show a rise or fall. The numbers are out and for the month of September unemployment fell to 7.8 percent, the lowest since President Obama took office. This should be a … Continue reading
What is Sequestration?
In the spring of 2011, a newly-elected Republican Congress claimed a mandate from the American people to cut spending at any cost. Twice – in February and April – Congress came within hours of a government shutdown before short-term spending measures (Continuing Resolutions) were passed, cutting spending in each case. As spring moved to summer, … Continue reading
A Tale of Two Economies
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness…” – Charles Dickens, A Tale of Two Cities In the iconic opening lines of a Tale of Two Cities, Charles Dickens describes pre-revolutionary France, but he could just as easily be … Continue reading
America / Economy / Fiscal policy / Politics / Presidency / Regulation
A Comparison: Reagan, Obama & Jobs
A myriad of articles have been written on how the presidential election of 2012 should garner a stringent comparison to that of the 1980 presidential election. I agree. During both presidential elections the United States economy was and is hurting. But, the focus of this article is: how did the presidents perform after they won … Continue reading
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