Economic Policy: In a joint op-ed with the British prime minister, President Obama admits that jobs are created by an innovative private sector. So why is he strangling ours with regulations, rules and taxes?
Facing double digit inflation, double digit interest rates and soon to be double digit unemployment, President Reagan came into office with a four point economic program on which he had explicitly campaigned, fundamentally changing the course of American economic policy.
The greatest lesson of the still young 21st century is proving to be that governments are the primary source of systemic risk to the economy, our standard of living, and our liberty.
Federal officials are preparing for a possible shutdown if a budget agreement isn't reached. Hundreds of thousands of federal workers would be furloughed, and national parks and museums would be closed.
[[wysiwyg_imageupload:1741:]]By Michael Pento
To counter the increasing demands that government reduce its micromanagement of the economy, last week the Obama Administration offered a fig leaf in the form of a white paper entitled "Reforming America's Housing Finance Market." In addition to marking the official end of the Bush era "ownership society," where increasing the level of home ownership was a national priority, the document contains a recommended regulatory overhaul of the Federal Housing Authority (FHA) as well as Fannie Mae and Freddie Mac (together known as Government Sponsored Enterprises "GSE's"), that intends to bring the share of government owned home loans from the current 95% to 40% over the next 5-7 years.
Yesterday the world witnessed a new and more severe outbreak of violence in Greece. Youths and union members clashed with police in a riot complete with tear gas, flash grenades, molotov cocktails, and tens of thousands of protestors.
What, exactly, were they rioting about? The answer is actually quite simple. They don't like the austerity being imposed on them by a government desperately seeking to find some sort of fiscal discipine, something to which neither the government nor the public sector workers are accustomed.
[[wysiwyg_imageupload:781:]]In this CNBC interview, Stockman demonstrates some ability to think and analyze, up until the 6:45 mark. After that, reason falls by the wayside and is replaced with love of government.
Remember last Friday's payrolls numbers--the ones that blew away expectations about the number of jobs created and got everyone talking about recovery again?
By Ron Paul
Last week, in the wake of another uptick in the official unemployment rate, the administration continued to claim that their economic policies were working, just not fast enough. This administration inherited an unemployment rate of 7.7% and promised a peak of no higher than 8% if their policies were followed. Not only does the administration have a funny way of ending a war, but now they claim their economic policies are successful. For whom, I wonder?