The “Fiscal Cliff” seems to the be the buzz-word of the month. Why shouldn’t it be? The numbers are scary. An almost 600 billion dollar combination of tax increases and across the board spending cuts that go into effect on January 2, 2013. Broken down the majority of the cost comes from 440 billion dollars … Continue reading
“Don’t talk religion or politics,” is an old adage with which many people are familiar and usually embrace. We don’t ask someone that we’ve just met about his or her religious or political beliefs because, as one of my professors once said, these issues get to the essence of who we are. The creed to … Continue reading
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
$16,168,932,000,000. That is the current US debt burden. That is over sixteen trillion dollars. In order to balance the American debt level, each individual, from tot to geriatric, would have to pay $51,402. The median income of Americans is about $40,000; confiscating all wages would not come close to paying off the debt. If you … Continue reading
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
Wednesday night’s presidential debate between President Obama and Governor Romney provided the American people with the most substantive policy discussion of the campaign. Of course, much of what both candidates said was so vague as to be meaningless, but nevertheless, it was refreshing to leave the pettiness that has pervaded the election behind for an … Continue reading
You heard it all over the Democratic Convention 2012 last night. President Obama calling for the hiring of “100,000 new math and science teachers.” He also said, “I don’t believe that firing teachers or kicking students off financial aid will grow the economy, or help us compete with scientist and engineers coming out of China.” … Continue reading
http://www.youtube.com/watch?v=w2i8KZtQRTI&feature=g-upl
That crazy bill our politicians refuse to address. Featuring economic policy experts Joe Minarik and Doug Holtz-Eakin. A video by Peter G. Peterson Foundation Interns Ben Gitis of American Action Forum and Kathryn Tinker of Committee for Economic Development.
In demonizing Bain for outsourcing, President Obama is implicitly criticizing the act of outsourcing itself without the facts to back himself up. Of the 598 American companies on Forbes world’s largest firms list, only 15 percent publically report their foreign employment numbers. While President Obama’s blind attacks on this legal right are clearly groundless, the … Continue reading
Obama’s fundamentally flawed attacks on Bain Capital’s outsourcing history seem both hypocritical and highly ignorant of the global economy considering that major companies present in his own jobs council have been “pioneering” outsourcing themselves. GE, American Express, Intel, and UBS are all present on the President’s Council of Jobs and Competitiveness and all have increased … Continue reading
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