I don’t mean to pick on President Obama, but he just seems to be singing the wrong note time after time. Actually, that was a bit of a deception by me: I actually do mean to pick on our president. After his State of the Union speech where he promised everything to everyone, he went [...]
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One of the largest hedge-fund firms is slashing 150 jobs after losing more than half of its hedge-fund assets since the financial crisis. D.E. Shaw & Co. is cutting about 10% of its work force, among the largest cutbacks in recent memory among major hedge-fund firms. A pioneer in computer-driven investing, the firm in recent [...] Larry Summers, Obama’s chief economic adviser, is going back to Harvard by the end of the year. While I don’t wish him ill, I am happy he is leaving. He was the Keynesian kingpin in the Obama Administration and shaped much of the destructive policies that have thwarted economic recovery. The son of econ professors [...] URGENT LETTER TO THE PRESIDENT: The President White House Washington, D.C. 20500 Dear President Obama: I observed with some concern a photo of you and your glum economic team in the White House Rose Garden during your September 3 address on the jobs report. I am aware that you are gravely concerned about the economy and [...] This is a reprint from Cafe Hayek that gets right to the point of Recovery Act spending and that lies being told by the Obama Administration about its apparent success. You know, like they saved “600,000″ jobs, or “800,000″ jobs, or “2,100,000″ jobs, or, just the other day, “1,400,000 to 3,300,000″ jobs created or saved, [...] Cato’s Tad DeHaven has been discussing what is referred to as “regime uncertainty,” or the uncertainty relating to the effects of economic policies that businesses see as detrimental to their future. This term was coined by Austrian theory economist Robert Higgs in his analysis of FDR’s New Deal. The idea is that such uncertainty hinders [...] They probably misplaced a decimal point. CBO Says White House Underestimates Deficits The nonpartisan Congressional Budget Office said Friday that based on the Obama administration’s budget proposal, deficits over the next decade would be $1.2 trillion higher than the White House estimated. A preliminary analysis of the president’s budget by the CBO forecasts a $1.43 [...] By Jeff Harding. The new jobs bill negotiations are apparently getting under the skin of our politicians. As reported in the Wall Street Journal Wednesday, the Republicans and Democrats were rather testy with each other during a meeting with the President. Here’s part of their exchange: Republicans pushed Mr. Obama to freeze federal spending, a [...] |
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