In today’s American Spectator, I discuss the breathtaking illiteracy about economics that pervades the Democratic Party:
The Secretary of Labor, Hilda Solis, visited Capitol Hill last week and claimed that the unemployment rate will increase if Congress fails to extend the eligibility period for federal unemployment benefits. My first reaction to this Orwellian assertion was a […]
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Category Archives: Economics BS
ECONOMIC ILLITERACY HAS CONSEQUENCES
VIDEO: ANDREW SULLIVAN’S ORWELLIAN TAKE ON CONSERVATISM AND MEDICARE
Andrew Sullivan has gone completely off the rails. In ths video he claims to be more conservative than the GOP because he wants to stick with the unsustainable status quo on Medicare. When did it become conservative to support a program whose unfunded liabilities are more than twice the country’s annual GDP?
[ht Breitbart TV]
DEBATE VIDEO: CAIN SAYS OWS SHOULD BE MARCHING IN FRONT OF THE WHITE HOUSE
When asked if he still stood by his anti-OWS comments from a couple of weeks ago, Cain emphatically said YES:
Wall Street didn’t put in failed economic policies. Wall Street didn’t spend a trillion dollars that didn’t do any good … They ought to be over in front of the White House taking out their frustrations:
[ht Breitbart]
HSIEH: DON’T BLAME CAPITALISM FOR HIGH HEALTH INSURANCE COSTS
Over at The Undercurrent, Paul Hsieh has a good column about the high cost of benefit mandates that states—and now the feds—impose on health insurance carriers:
State regulators currently require health insurers to include numerous “mandatory benefits,” whether customers wish to purchase them or not. The exact mandatory benefits vary from state to state, but might include services […]
DEADLY VIDEO: OBAMA BY THE NUMBERS
The President’s broken promises and the economic effects of his policies are the best argument the GOP can use against him in 2012. As you will see when you watch this video (via Power Line), the juxtaposition of his words and his results is pretty damning:
VIDEO: OBAMA VS. OBAMA ON TAX HIKES DURING A RECESSION
Today, the President threatened to veto any budget coming out of Congress that doesn’t include tax increases. In fact, he is actually insisting on a gigantic tax increase.
Think it’s a dumb idea to raise taxes during a recession? Well, until recently, so did he. Here’s a clip from 2009 in which Obama said you shouldn’t raise taxes in a recession:
[ht […]
WOLF: PROSPERITY STARTS WITH AMERICANS, NOT UNCLE SAM
In his latest column for the Washington Times, Milton Wolf marvels at the inability of our governing class to absorb the economic lessons of the past few years:
Never before in history has such overwhelming evidence failed to convince the smart-set governing class of the obvious: Government cannot create wealth.
So, who adds real value to the […]
VIDEO: MILTON FRIEDMAN ON THE PERILS OF GOVERNMENT INVOLVEMENT IN HEALTH CARE
This brilliant man explained more than three decades ago why government involvement in medicine always results in lower quality care and more restricted access. He uses Britain’s government-run system, which is (I’ll remind you again) the favorite health care system of Obama’s Medicare czar Donald Berwick, as an example of what inevitably happens when a government bureaucracy gets […]
VIDEO: GEORGE WILL EDIFIES NEO-KEYNESIAN KNUCKLEHEADS
Even though the last three years have already shown that Keynesian economics do not work, many mouth-breathing progressives are still pushing giant public projects as a way of creating jobs. In this clip, George Will explains that, even if Hoover Dam-type public projects created real wealth and jobs, the envirotards would stop them from being […]
WOLF: THE BAD LUCK PRESIDENT
Milton Wolf’s latest column in the Washington Times is as trenchant an indictment of Obamanomics as you will find. He begins with the excuses Obama offers for failure on the economy:
‘We had reversed the recession, avoided a depression, gotten the economy moving again,’ President Obama fantasized on the campaign stump in Iowa. ‘But over the last […]