Archive for September, 2012

Obama’s 44th California Fundraiser »

President Obama has brought new meaning to “Obama 44″. It used to refer to his number as president. This week, he made it the number of fundraisers he’s attended in California. Which will be surpassed in a mere ten days. I unfortunately won’t be able to accept the emailed invitation I received today, but...
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Obama Should Play Golf All Day, Every Day »

I heard a conservative talk radio guy complaining about the president’s excessive time on the putting green. Allegedly, Obama has played a record number of holes for a first-term chief executive. A related complaint concerned his frequent vacations. This is hardly the first time I’ve heard partisans protest the president’s golfing and holiday habits....
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Beyond Regime Uncertainty: Corporate CFOs Predict Worsening Future »

Following on my recent post citing corporate CEOs’ complaint that continuing “Regime Uncertainty” forestalls their companies’ investing and hiring, corporate CFOs are today following suit, as reported by DeLoitte’s “CFO Signals“: CFOs’ expectations for sales and earnings growth both dropped precipitously this quarter, and their expectations for capital investment and hiring followed suit. The...
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The Benefits of Ideal Health Insurance »

Three features of ideal health insurance would make it especially superior to the health insurance arrangements that prevail today, as I outline in my recent book, Priceless: Curing the Healthcare Crisis. Ideal Health Insurance Is Patient Centered A large portion of our healthcare dollars would be placed in accounts that we individually own and control....
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Thanks, Uncle Sam, for GPS! »

John Stossel has often said “government can’t do anything better than people in a free market.”  I recognize that lots of readers of The Beacon will agree, so let me throw out one example that I believe counters Stossel’s claim: GPS. Uncle Sam put up those satellites that produce GPS signals, and none of...
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The Bazooka That Doesn’t Kill »

The chairman of the Federal Reserve and the President of the European Central Bank, arguably the two most powerful men in the world right now, have done what many people had been asking for—fire the monetary bazooka that will supposedly obliterate the four-year economic crisis. In Europe, Mario Draghi announced he would buy unlimited...
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Shortchanging Special Needs Students—Another Poor Mark for Government Schooling »

Earlier this week, President Obama said he pays taxes so other people’s children (not his own) can “succeed” by attending public schools like the ones in D.C. Here’s the latest update on DCPS’ less than stellar track record. Under the Individuals with Disabilities Education Act (IDEA), last reauthorized in December 2004, states are required...
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Obama Touts D.C. Public Schools as Offering the Kind of Education that Will Grow the Economy »

President Obama took time out of his hectic campaign schedule this week for a visit with the ladies of The View. Host Barbara Walters asked him, “What do you say to people who say you’re trying to redistribute the wealth?” Obama responded that he and his wife Michelle pay taxes so other people’s public-school...
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Is Christine Lagarde a Higgsean? »

Well, no, the IMF chief is a moderate Keynesian, like all her Establishment colleagues, and praises the world’s central banks for flooding the globe with cheap money. But she does recognize the critical role of regime uncertainty in hindering recovery: Lagarde said a number of factors are eroding growth. “At the center of them...
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Obama is Stuck on the First Envelope »

As a young woman, I took over a business that was bankrupt: its liabilities exceeded its assets by a considerable amount, and the wolf was well and truly at the door. Lots of people thought I was foolish not to “erase” its debts through filing bankruptcy and be given a “clean slate” by the...
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