Tag: Obamanomics

Tax Freedom Day, 2015 »

The Tax Foundation announces “Tax Freedom Day” every year to mark the date on which the average U.S. taxpayer has earned enough income to pay in full all federal, state and local taxes owed. The date this year is today, Friday, April 24, 2015. “Tax Freedom Day” is determined by taking the ratio of...
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Your Tax Dollars at Work at the Ex-Im Bank »

Following up on my nationally syndicated column on the pending re-authorization of the Export-Import Bank (“Let the Ex-Im Bank Fail”), the Financial Services Committee of the U.S. House of Representatives issued a press release on July 21, 2014, stating that “Two of the four Russian firms targeted with new sanctions announced last week by...
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Obama’s Trifecta: The 3 Biggest Lies »

With his latest ad, “Your First Time,” President Barack Obama has now completed his trifecta on the the 3 Biggest Lies in the World. You remember those, don’t you? #1: The check is in the mail. #2: I’m from the government and I’m here to help you. #3: Of course I’ll still respect you...
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Claim that Unemployment Figures Were Cooked Not so “Ludicrous” After All? »

When the September unemployment figures were announced a month before the presidential election as having miraculously declined to below 8% for the first time since the current administration started, more than a few speculated that there may have been some book-cooking in the back room. In response, Labor Secretary Hilda Solis, said she was...
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Student Loan Forgiveness: Bread and Circuses for the 21st Century »

In late June Congress acted to freeze the interest rate on certain college loans at 3.4 percent for an additional year, claiming this move would help make college more affordable. Of course, a relative handful of college students saving a few dollars each month doesn’t translate into college affordability—and the Obama administration knows it....
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More “Green” Energy Cronyism and Corporate Welfare »

The New York Times reports in “A Gold Rush of Subsidies in Clean Energy Search” that NRG Energy is receiving nearly $1.6 billion in government subsidies for its new compound in California of almost one million solar panels. The Times further notes that: Similar subsidy packages have been given to 15 other solar- and...
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Jobs Program Video: “How to Create a Job, Not Just Work” »

I recently recorded a short video on “jobs” programs. Here it is:

The Continuing Puzzle of the Hyperinflation that Hasn’t Occurred »

Since late December 2008, the bank prime lending rate—the interest rate banks charge their best corporate customers—has remained steady at 3.25 percent. Meanwhile, during the same period, the excess reserves that commercial banks hold at the Fed have increased from $2 billion in August 2008 to $1,513 billion in May 2011. Ordinarily, one would have expected...
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Emily Skarbek Is Interviewed on the Government Cost Calculator on Reason TV »

Independent Institute Research Fellow Emily Skarbek is interviewed here by Nick Gillespie of Reason TV regarding the Institute’s very timely and far-reaching Government Cost Calculator. The Calculator enables any American to clearly understand three aspects of federal government spending. First, the Calculator helps you determine how much a person will pay for various federal...
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Fight of the Century: Keynes vs. Hayek Rap Video Round Two »

“Fight of the Century: Keynes vs. Hayek Round Two” is the superb and very timely sequel to the phenomenally successful and insightful, rap video pitting the views of macroeconomist John Maynard Keynes against those of Austrian School economist Friedrich A. Hayek, “Fear the Boom and Bust.” The original has attracted to date more than...
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