Jeffrey Immelt, the head of Barack Obama’s highly touted “Jobs Council”, is moving even more GE infrastructure to China. GE makes more medical-imaging machines than anyone else in the world, and now GE has announced that it “is moving the…
The latest example of political hyperbole is that the U.S. Treasury is ready to default on its debt. An actual examination of the underlying facts is that the relative purchasing value of the currency has long ago swindled debt holder…
Democrats are unhappy about alleged cuts to social programs. Republicans are unhappy about alleged cuts to military spending. With everyone seemingly unhappy, including President Obama, is the deficit bill a good compromise? Before deciding, please consider a few choice…
Deal? What deal? Cut spending? Uh, no. There’s no spending cuts, only claims of reducted increases. More debt? Yes, and lots of it. Balanced budget? Never. The economics are clear – unless this gets fixed, and soon, we will…
I hope you like higher taxes. Much higher taxes. Last night I couldn’t figure out at first blush how Boehner/Reid managed to get their “numbers” to work. Well, when I looked at it again this morning, it snapped into focus,…
