By DLB on October 28, 2010
James Carville’s famous statement in 1992, “it’s the economy, stupid”, has become political folklore. The line is used over and over again by pundits and journalists (or at least some rendition of the line). Come to think of it, I just used it in my article title, didn’t I?
Well here is the point I am ...read this post
Posted in Politics | Tagged Bart Stupak, Ben Nelson, deficits, election 2008, GM bondholders, ObamaCare, stimulus
By DLB on July 12, 2010
Only a few of the books I have read and reviewed for this series have been written by people that I suspect are not particularly intelligent. Many have been authored by men who possess very different economic worldviews than mine, and nearly all have drawn some conclusions in the process that are different from my ...read this post
Posted in Book Reviews, Economics | Tagged capitalist democracy, economic crisis 2008, Keynesianism, Richard Posner, stimulus, TARP
By DLB on December 14, 2009
Meet the Press is a guilty little pleasure of mine, especially since I got my first TIVO nearly ten years ago. And yesterday’s episode promised a lengthy interview with Obama’s chief economic spokesperson (Dr. Christina Romer), as well as a panel discussion with Alan Greenspan (my arch nemesis), Jim Cramer (the clown of CNBC), ...read this post
Posted in Economics | Tagged Barack Obama, Christina Romer, CNBC, Jim Cramer, Meet the Press, stimulus
By DLB on November 1, 2009
If you believe the numbers coming from the Obama administration’s own mouth, the stimulus plan has created (or saved) 640,329 jobs so far. At a cost of $787 billion, that comes out to $1,229,056 per job. Good work if you can get it!
Of course, these workers are not making $1.23 million per year. ...read this post
Posted in Economics, Politics | Tagged corporate tax, job creation, stimulus
