Today the Fed released minutes of meetings at the start and during the great financial crisis. These minutes show how clueless the Fed Governors were at the start of the recession.
Did you sing Happy Birthday? The nation just “celebrated” the fifth anniversary of the signing of the so-called American Recovery and Reinvestment Act, Political Cartoons by Nate Beelermore commonly referred to as the “stimulus.”
In a city where liberal judges allow hardened criminals access to the streets after brief stays in prison, if at all, the remaining police officers must feel powerless. All too often they see the criminals they arrest right back on the streets of New Orleans the very next day.
It just keeps getting better, so here we go again. Socialists always have an agenda, which is to bring up the downtrodden (a noble effort) at the expense of so-called successful individuals (deplorable). In other words, everybody becomes the same as they are controlled by a select few.
President Obama is putting the finishing touches on his budget message to Congress. According to press reports, it would be criminal if it wasn’t so comical! The president will drop from previous proposals any effort to curb the rapidly escalating problems with social security. Instead, he will propose higher taxes on the wealthy
This week a GOP legislator from MO made the terminal decision to hi-jack the state appropriations process to insert “$8 for tin foil hats” for opponents of Common Core. Ha, ha, ha...not funny.
The Federal Reserve knows quantitative easing didn't work, and they want to exit as fast as possible without triggering widespread panic. This isn't something that can be uttered in private, or even during closed-door 'Federal Open Market Committee' meetings, but it's palpable.
I’ve already explained why leftists must be depressed about their failure to restrict private gun ownership. They’ve suffered brutal electoral setbacks in Colorado, and more and more states have strengthened the right to keep and bear arms.
To be fair, America has a fighting shot at owning the 21st century. After all, it’s not in the American DNA to give up. Joel Kurtzman, senior fellow at the Milken Institute, joined the program to argue that there is optimistic news for America in the 21st century.
For years I have shared with you that the economy can't recover until housing recovers, and neither will recover until the job market recovers. While planning ahead, it became obvious that the solutions offered by the progressive Obama administration would hinder not help an economic recovery.
Labor Unions look out for the average worker in roughly the same manner Don Corleone looked out for his “business associates”. Congratulations on your victory in Milwaukee, SEIU… Now, leave the gun. Take the cannoli.
Sometimes the effects of proposed Democrat economic policies are so obvious that even the CBO is forced to agree with Republicans.
It is beyond absurd to seriously propose that such whopping increases would not impede hiring. Only economic illiterates and political charlatans can make such statements.
The Ukrainian demonstrators are de facto anti-democracy. Their leader encourages lawless behavior. He and his supporters want a government change that was not voted by the majority of Ukrainians. Thus, they seek to nullify the election that brought Yanukovych to power and which international observers declared to be free and fair.
Much is being made of the latest report from the Census Bureau on divorce in America. Using data from the American Community Survey, Census records show that the rate of divorce is increasing for the third straight year in 2012.
When I give speeches around the country, I often get asked whether it’s time to give up. More specifically, has America reached a tipping point, with too many people riding in the wagon of government dependency and too few people creating wealth and pulling the wagon in the right direction?
The political philosopher Edmund Burke once remarked that all that is necessary for the triumph of evil is for good folks to do nothing. A glaring example of the impending triumph of a constitutional evil that could be stopped by folks who have been largely silent is the tyranny coming from the White House.
When you think about it, it is pretty amazing how mobile technology has transformed our lives. What’s even more amazing is that the change we have seen thus far has really been due to three devices -- the mobile phone, the smart phone and, more recently, the tablet.
For all of the hand wringing about the weak start to the stock market this year, initial public offerings (IPOs) haven't been this hot since 1999. More than 30 companies have already launched IPOs in 2014. That is a 72% increase compared to the same time last year.
The administration has continued their Orwellian assault on the English language by changing the words from "executive order" to “executive action.”
I don’t always make financial decisions based exclusively on math. Many times I do things based on changing money behaviors—stuff like paying off debts from smallest to largest because it actually works. Personal finance is 80 percent behavior, and only 20 percent head knowledge.
For now, the US is on the sidelines in the Middle East. The US administration has alienated all its historic allies; lost influence in Egypt, Tunisia and Syria; and has made dubious promises to Jordan which now is in danger of becoming a front line state, like Lebanon.
I still find it remarkable how much ground the fear-mongers cover and how they continue to chip away at things that we used to take for granted, like mild-to-tough winters. Now, these things have the feeling of an 'apocalyptic' event that can only be avoided through economic sacrifice.
A discriminatory rate structure adds to complexity, to be sure, but the main reason for a convoluted business tax system (for large and small companies) is that politicians don’t allow firms to use the simple and logical (and theoretically sound) approach of cash-flow taxation.
The irony of this entire debate is that the people who know the most about delivering care to patients were excluded from the development of the ACA. The physicians involved in crafting the administration’s vision, such as Drs. Ezekiel Emanuel and Donald Berwick, were far removed from day to day patient care.
Dear Carrie: My father had a custodial account for me, and this year, I cashed it out. My father lost money on the whole, investing more than we've gained. What are the rules for custodial account taxes? Am I able to deduct the loss on my return?
A University textbook describes Conservatism as “pessimistic”, and Ronald Reagan as an extremist. (Remember when Reagan was elected in a landslide?) Of course, to be totally honest, Euro-socialist programs actually do “bum me out” a little.
Trade wars, immigration battles, and especially beggar-thy-neighbor competitive currency debasement tactics are hallmarks of deflationary times. When jobs are plentiful, such pressures are minimal. Now, every country seeks advantages for itself, hoping to raise exports.
Labor unions are starting to get desperate. If you thought they’ve always been a little ruthless… Well, you haven’t seen anything yet. Dave Bego, who has personally fought the most powerful Union in America, joined the program to discuss organized labor’s most recent push for membership.
Just like Clark Kent could change into Superman, President Obama has a remarkable ability to change into King Obama. Tired of that pesky Constitution? Irritated that the Founding Fathers created a system based on separation of powers? Well,there’s a superhero to overcome those obstacles.
First there was “brosurance”. Then pajama boy. And now there are pub-crawls for healthcare. Because, really, isn’t that the perfect place to hold a discussion about obtaining health insurance: in front of the shot-girl at your favorite local bar? “Get ‘em drunk, get ‘em covered!” That’s apparently the new Obamacare motto.
The vote, while only a first test of union appeal in the south, increases the uncertainty regarding the long-term survival of the United Auto Workers union. It's the worst union defeat in Tennessee since Grant got whipped on the first day at the Battle of Shiloh.
Am I mistaken or did Venezuela president Nicolas Maduro just call for a protest march against himself?
In this decade, only fringe web sites even reveal that Michelle Obama schmoozed a $12,000 gown for herself from a snob designer.
There are still 45,000 fewer jobs, just in Colorado, than when the recession began six years ago.
Rand Paul and Hillary Rodham Clinton would frame the debate — and the alternatives they offer — based on real clear and present issues rather than outworn dogma.
There was much disagreement among the speakers about the direction of the stock market and the global economy, but one thing everyone agreed on: gold was an undervalued asset after losing 30% of its worth last year.
Socialists have long contended that they can live quite well without God, thank you. But let's face it: they can't even run an Olympics; or a website; or a sperm bank. Maybe what they need is a tad more humility and a whole lot of God.
The Affordable Care Act (aka "Obamacare") is unraveling on many levels, but perhaps most so on the personal finance level for the consumers of both health care and health insurance.
There are still vestiges of the old legal ethics, but much of it is gone. Most lawyers now regard law as a business.
It is not often that Americans look south of the border for solutions, but Mexico’s President Enrique Peña Nieto seems to have figured out a few things in his first year of power that has, in six years, eluded Obama.
In Other News: Bi-Partisan Agreement that Debbie Wasserman Schultz is a Horrible Person | Michael Schaus
In Other News: State Department Covers Up for Hillary – Asks IRS How to Destroy Hard-Drives | Michael Schaus