Daily Archives: June 22, 2012
A disastrous depression, the Keynesians would say. Government spending is an important part of GDP. We need it to “support” the economy. Right after World War II, that’s what actually happened to federal spending, but instead of a depression, GDP grew rapidly and prosperity finally returned. David Henderson has an excellent article about this here.
In this Cato@Liberty post, Roger Pilon takes aim at the economic ignorance of Obama, David Axelrod and many others who think that “outsourcing” work is a terrible thing to do.
And people wonder why soon there will be a permanent cruise ship off the coast of California. It will host entrepreneurs who want to be part of Silicon Valley but are without visas to start businesses and live in the United States. Click on the image for its full size.
Writing a column on CJ today, Roy Cordato tries to explain why it’s misleading for politicians (and pseudo-economists) to contend that “austerity” will damage economic growth. Government spending, contrary to the assertions of the likes of Obama and Clinton, does not stimulate production. All it does is to transfer wealth and resources away from theContinue Reading
Echoing John Hood‘s analysis in National Review, Michelle Malkin has devoted a National Review Online column to the potential pitfalls associated with September’s Democratic National Convention in Charlotte. In September, the campaigner-in-chief will travel to Charlotte for his party’s presidential-nominating convention. For once, the incurable jet-setter may wish he had stayed home. Obama’s stage managersContinue Reading
Jonah Goldberg‘s latest column at National Review Online probes President Obama’s strained relationship with the concept known as honesty. It’s becoming increasingly clear that President Obama is not burdened with too heavy a commitment to honesty. This is hardly a shock about any politician, but revelations of dishonesty hurt some more than others. Announce thatContinue Reading
Today, the News & Observer reports the most recent data from two years ago: North Carolina ranked 45th in the nation in per-student spending on public schools in 2010, according to a U.S. Census Bureau report released Thursday. The state’s public school systems spent an average of $8,409 per-student in the fiscal year ending JuneContinue Reading
• Lt. Gov. Walter Dalton said he told Gov. Bev Perdue he would veto the General Assembly’s General Fund budget if given the chance; Pat McCrory says he would sign it. • Liberal good-government groups chide the Republican leadership in the General Assembly for failing to provide money in the budget that would helpContinue Reading