Worried About Ahmadinejad, Chavez And Putin? Stabilize The Dollar – To have a stable economy and stable financial markets, we must have a stable dollar. A stable dollar is also required for fast economic growth, full employment, and true prosperity. It is a bonus that something that would be so good for America would also be so bad for our adversaries.
Five Prescriptions to Heal Economy’s Ills: Laurence Kotlikoff – What about printing more money? The Fed has already printed $1.8 trillion since September 2007. This exceeds by a factor of two all the money the Fed had printed since its creation in 1913. No, he does not suggest that…
The U.S. Federal Deficit Reaches A Tipping Point – How high can the debt get before it harms growth?
European debt inaction scaring the world: Obama – Barack Obama has urged European leaders to confront the deepening sovereign debt crisis, warning their inaction is “scaring the world”.
Obama’s Euro-Crisis Lecture Is ‘Pitiful and Sad’ – US President Obama has given the Europeans a harsh lecture on the dangers of their ongoing debt crisis. Offended by the unsolicited advice, Europeans have suggested the US get its own house in order first. Obama’s remarks were “arrogant” and “absurd,” German commentators say on Wednesday.
French public debt to hit 87% of GDP in 2012: report – France’s public debt will rise to roughly 87 percent of gross domestic product next year, according to the draft budget to be presented Wednesday, the daily Les Echos reported citing parliament sources.
The dangerous subversion of Germany’s democracy – We have reached the point where the unseemly scramble to find ever more inventive and extreme ways to save monetary union – yet without coming clean, and invariably by trying to deceive German citizens about the real implications of each deal – is clashing directly with the integrity of German democracy.
Peter Oborne ‘Idiot’ Comments Prompts EU Spokesman To Storm Off Newsnight
Karl Marx on Obama’s Jobs Plan – Today, President Obama’s Napoleonic idea of a “jobs plan” claims that industry and trade will prosper in hot-house fashion through increased government jobs (“state posts”) and public works. The problem, as Karl Marx explained, is that bloated bureaucracies and public works schemes increase the obligations of the people with respect to taxes.
Report: Consumers spent less, earned less in 2010 – Government survey shows consumer spending and incomes fell for 2nd straight year in 2010
Obama’s Jobs Bill: Read It and Weep – Obama’s latest economic fix will kill the very jobs it’s meant to create.
5 Major Ways The Obama Administration Is Killing American Jobs – Admittedly, the country was not in great shape when Barack Obama came into office. The United States had already gone into recession, the housing bubble had burst, and the global economy didn’t look so hot either. Unfortunately, Barack Obama took a bad situation and made it much worse. Had Obama done nothing, chances are the country would be better off today and had he actually pursued a pro-growth policy of slashing regulations, cutting taxes, and tamping down the deficit, the economy would be immeasurably stronger than it is now. Instead, Barack Obama pumped job-killing, growth-draining rat poison directly into the veins of our nation’s economy
Job prospects worst since 1983 – This is the recoveryless recovery as consumer confidence is half of what it should be. The independent Conference Board put the Consumer Confidence Index at 45.4 in September. The Associated Press reported: “A reading above 90 indicates the economy is on solid footing.”
The real news, though, was that in the “jobs hard to get” category, the Consumer Confidence Index had its worse score since 1983 — 50.
Is the Whole World Going Into a Recession at the Same Time? – “Their worst case is not the worst case of the prior two recessions in 2001 and 2008,” said Stephen Weiss of Short Hills Capital. “This time it could very well be worse since the global economies have more interdependence.”
Health-Benefit Costs Rise Most Since 2005, Surpass $15,000 – The cost for businesses to buy health coverage for workers rose the most this year since 2005 and may reach $32,175 for a family in 2021, according to a survey of private and public employers.
OBAMA’S SENIOR ADVISOR VALERIE JARRETT: THE POINT OF GOVERNMENT IS TO GIVE PEOPLE A LIVELIHOOD SO THEY CAN PROVIDE FOR THEIR FAMILIES
Enron vet turns up in $737m solar loan guarantee – President Obama’s Solyndra scandal drew comparisons to the Enron scandal of the Bush era, but the Department of Energy’s latest $737 million loan guarantee for the solar energy company Tonopah Solar involves a veteran of Enron Corp.
Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan – It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG.