Category Archives: Economics BS

UNEXPECTEDLY SHOVEL-READY

Doctors Paul Hsieh and Milton Wolf have a couple of good columns that compliment one another well. The latter points out the inconvenient reality that the President’s economic policies are shovel ready: In 1932, President Hoover received a letter from a man in Illinois that read simply, “Vote for Roosevelt and make it unanimous.â€? Based [...]

VIDEO: THE TRUTH ABOUT OBAMACARE

Sally Pipes, health care policy expert and former Canadian, explains the ugly facts of life under ObamaCare.  It comes down to this: “Access to a waiting list isn’t access to care.” This must see video is from the May 14, 2011 “Doctors Town Hall,” held in Costa Mesa, California: [ht Paul Hsieh]

OBAMA ON DRUGS

My latest column for the American Spectator takes a closer look at the President’s harebrained scheme to “control costs” by making Granny skip her meds. He wants Medicare to negotiate (i.e. dictate) prices to the drug companies: Like all price-control schemes, this would inevitably lead to shortages. If Medicare forces the drug companies to sell their products at [...]

HSIEH: HOMER SIMPSON & SOCIAL SECURITY

Paul Hsieh, in his latest column for Pajamas Media, provides the perfect metaphor for that Social Security Trust Fund we keep hearing about from people inside the Beltway:  In a classic episode of The Simpsons, a hungry Homer Simpson runs out of donuts and breaks into his emergency stash. But when he opens the box, [...]

WOLF: GOVT CONTROL VS. THE FREE MARKET

Our economy has once again devolved into Carter-style stagflation. Why? Because the President and his congressional accomplices imposed an economic model on the country that has a perfect record of failure. Milton Wolf does a good job, in his most recent Washington Times column, of explaining why central economic planning and government ownership of business never produces the prosperity its adherents [...]

REPUBLICAN BUDGET DEFUNDS OBAMACARE

The GOP’s budget proposal was presented today by Rep. Paul Ryan, the Chairman of the House Budget Committee, and it purports to contain not a penny for ObamaCare: The Republican proposal says one of its aims is ‘making sure that not a penny goes toward implementing the new [health care] law enacted last year. This includes [...]

FUNNY YET POIGNANT VIDEO: IRS DUNS SEVEN-YEAR OLD TO PAY FOR OBAMACARE

This is the third place winner in the video contest held by the Independent Women’s Voice. In this one, a seven-year-old is called on the phone by an anonymous IRS agent and told the price tag (i.e. the accumulated debt) that she and each of her contemporaries will be burdened with in the cause of “free health care.” He tells her she owes $127,000 and [...]

MILLENNIAL GENERATION TO OBAMA: “I DON’T NEED YOUR HEALTH CARE LAW. I NEED A JOB.”

Last week, Independent Women’s Voice announced that this video, “The Millennial Appeal to Obama,” was the winner of the first prize in its ObamaCare Anniversary Video Contest. And it’s a powerful piece of work: Now I can stay on my parents insurance until I’m 26. There’s just one tiny problem …Your health care plan hurts the economy. [...]

VIDEO: OBAMACARE’S ILL EFFECT ON A SMALL BUSINESS AND ITS EMPLOYEES

The big problem with ObamaCare’s various mandates is that they raise the cost of hiring and keeping employees. It will cause benefit cuts and layoffs for current employees of small businesses and retard future growth and job creation. The guy in this Heritage Foundation video has several IHOP franchises and explains this dilemma in terms that even [...]

VIDEO: WISCONSIN WAS MERELY THE FIRST BATTLE OF A LONG WAR

The good guys won in Wisconsin, and victory is sweet. But the war against fiscal insanity has just begun. The Obamazombies inside the Beltway and their accomplices in the states will bankrupt the country if they aren’t stopped—now. This video from Freedomworks underscores the stark realities: Next battle? The courts, where lefty judges are attempting to disfranchise the voters and [...]