Capital gains taxes affect each and every person in the United States. Raising them especially affects people that are hourly workers hardest.
But it’s not enough to say Obama didn’t live up to any of his promises. That’s too transparent. Politicians are made to break promises.
Tonight, if you went to the Chicago Symphony Orchestra, you didn’t see a show. The musicians are on strike. They are striking because their health care costs went up. The union doesn’t want to shoulder more of the costs for their health care.
Congressman and Senators don’t have intimate understanding of these markets. They also have relationships with banks, trading firms, exchanges and individuals so don’t look for any altruistic market based rules or regulations to come out of their committee hearings. But it’s good that there is a public vetting.
Even in base case mundane tasks, humans will respond and try to do whatever they are doing in the most efficient way possible.
It is impossible for me to listen to the bomber’s attorney make excuses for him. From what I can gather, the FBI didn’t entrap him. He was ready to blow up a bunch of people in the name of Islam.
In 2007, oil hit $144 per barrel. Gas prices at that time were over $3 per gallon and everyone was screaming. It seemed as if every media outlet grabbed their pitchforks and were running to kill the speculators. But this time the silence is deafening.
Woodland creatures do a good job of explaining Quantitative Easing.
Obama and his administration are blaming a movie. But, they should be blaming themselves.
No doubt, prices are headed higher. It’s not just QE3. That will certainly send commodity prices higher. But since we have had one of the poorest corn crops in the last twenty years, prices of all goods are going up.
Remember when people Monday morning quarterbacked the issue of “too big to fail”, and “too much risk concentrated in too few hands”. The system we are developing enhances those risks like a weightlifter on steroids.
Many are politicizing all types of success. If you have a good degree from a top institution, they demean it. If you grew up with money, there is no possible way that you could understand anything a poor person understands no matter what your experience is.
Teachers are trying to make education all about money. The reality is if we reformed the nation’s education system we could spend a lot less money, and get better results.
The movie says that Obama is trying to blow up the deficit intentionally. If we can make things dire enough, the government can take drastic measures to try and remedy things. If major industries are consolidated enough, it’s pretty easy to issue an executive order and take them over. We already know the Democrats would fall behind a Democratic leader and take corporate profits.
Our labor participation rate is horrific. It almost looks to me like government employees are messing with that number in order to change the headline percentage number.
Public employee unions promote big government and cronyism. They have an economic incentive to make government bigger. Their pensions are bleeding taxpayers dry at every level of government; federal, state, county, township, and city.
He aggressively pursued the Democrat dream of socializing America’s medical system. Instead of debating the issue, he paid off Congressman and Senators with earmarks and money.
One part of the business world that hasn’t been revolutionized yet is business to business services. Usually, creating businesses in B2B has been all about software as a service (SaaS).
Instead of calling today Labor Day, I’d call it Innovators Day.
Republicans for all their talk about embracing free markets and ending central planning forgot that at their convention. You can forgive Democrats, because they are all about deciding for you.
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for September 19th, 2014 | John Ransom
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