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    Economy Tag

    Critics, including me, of Obama's economic plans have made the point that the unprecedented huge deficits necessary to pay for expanded health insurance coverage, college education guarantees, the present and future "stimulus" plans, infrastructure projects, budget expansion, financing and operational takeovers of the auto industry...

    It would be very easy to fall into a depression over Arlen Specter switching political parties, giving Democrats a likely filibuster-proof Senate majority. The result will be that Obama will be able to push through much of his agenda without meaningful debate.Not that I will...

    The Financial Times reports that banks and other financial institutions which received TARP funds may not be allowed to repay the loans. Yes, that is correct:Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a...

    Michele Bachmann, the conservative Republican Congressman from Minnesota, has gotten into the heads of the left-wing blogosphere. Yesterday was the completely phony attack on Bachmann's "armed and dangerous" comment, in which her metaphor for outrage was twisted into a supposed call to arms.Today brings another...

    The financial crisis seems hard to understand. How did we go from a robust economy to "the worst economy since the Great Depression"? (h/t Barry O)There are 27 visualizations which make things easier to understand. I like this one in particular (click on picture to...

    Just a little true anecdote on how the "rich" cutting back is hurting the "not rich."My wife went to a hair salon last Friday. The salon is located on the East Side of Providence, Rhode Island, near Brown University. This is the premier neighborhood in...

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