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Archive for the ‘Economy’ Category

Norman Borlaug passed away yesterday. He most likely did more for humanity than anyone in history. Most of the people whose lives he saved were extremely poor, in Mexico, Pakistan and India. Despite a boatload of awards, including the Nobel Peace Prize, nearly nobody know who he was. He deserves, but likely will not get, [...]

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Sep 13th, 2009 | Filed under Americana, Economy, Politics

So we’re in a recession, at least, where one of the biggest problems is that people with money won’t lend it. Then the President stiff-arms secured creditors to pay off his union buddies, overturning basic law to do so. Who will lend money now, without seeking potentially high rewards with higher interest rates?
Scott [...]

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May 11th, 2009 | Filed under Economy, Politics

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Mar 28th, 2009 | Filed under Economy, Politics

According to this Washington Post story, “President Obama’s apparent inability to block executive bonuses at insurance giant AIG has dealt a sharp blow to his young administration and is threatening to derail both public and congressional support for his ambitious political agenda.”
I’ve previously thought that the drop in Obama’s poll numbers in the past 2-3 [...]

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Mar 17th, 2009 | Filed under Economy, Politics

This is less of a President Obama issue than it is a Democratic party, and specifically a Democratic Congress issue: “Since 2002, Colombia has been the top U.S. ally in Latin America. Yet it still can’t get a vote from a protectionist U.S. Congress on a free trade agreement it needs.”
IBDeditorials.com: Editorials, Political Cartoons, and [...]

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Mar 16th, 2009 | Filed under Economy, Politics

The Chinese government had an interesting exchange with our President this week about US debt. John Hinderaker summarized it:
Of course, what the Chinese are worried about is not that the United States government will default on its bonds. That obviously won’t happen. The Chinese concern, now being expressed openly for the first time, is [...]

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Mar 15th, 2009 | Filed under Economy, Politics

Interesting thought experiment from one of Rand Simberg’s commenters:
I bet if the entire Obama Administration and Democratic Congressional Leadership were sentenced to hang on December 1, 2009, if the stock market were not above 9000 and unemployment were not below 7%, they would become raging tax-cutting pro-business libertarians overnight.
That is, I don’t believe they are [...]

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Mar 12th, 2009 | Filed under Economy, Politics

It is hardly original to note that “The Forgotten Man” by Amity Schlaes has a particular relevance to what is happening economically and politically right now. The book is a reassessment of the New Deal and the Great Depression that advances the argument that the former caused more harm than good — or at [...]

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Mar 7th, 2009 | Filed under Economy, Politics

It appears that Obama has found a slice of Chicago corruption here in New York, specifically the Bronx, a golden land of opportunity for corrupt politicians. So says the Daily News: Buildings sprang up as donations rained down on Bronx Borough President Adolfo Carrion.
The man who is President Obama’s newly minted urban czar pocketed [...]

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Mar 2nd, 2009 | Filed under Economy, Politics

I’m glad Don Surber wrote this up:
A liberal admits to the racist attitudes of the liberal elites against the “white ethnics” who do the dirty work of earning the money.
I ignored the racial slur by Charles Lemos, a blogger at My DD, this weekend because it was just some blogger (although he is fairly popular). [...]

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Feb 25th, 2009 | Filed under Economy, Politics