Economy

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    CJ Commentary: Medicaid expansion and job creation: Bad economics, good special interest politics

    “As a general rule, the public and politicians should never view economic impact studies as anything more than an attempt by special interests to manipulate public opinion for their own benefit.” Dr. Roy Cordato wrote this statement back in December 2018. Time after time, impact studies come out proving…
    Brenee Goforth, July 15, 2019
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    Why Warren is wrong on Amazon

    Jack Hough of Barron’s questions Democratic presidential candidate Elizabeth Warren’s recent attacks on the huge online retailer. Amazon’s private-label sales make up a much smaller portion of its revenue than those of other retailers. Over the years, I’ve made out well with the company’s slippers, kitchen scale, tripod,…
    Mitch Kokai, July 15, 2019
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    Job losses linked to the ‘Fight for 15’

    Tiana Lowe writes for the Washington Examiner about the potential negative impact of a push for a government-mandated $15 minimum wage. In light of a $15 federal minimum wage creeping onto the growing laundry list of nearly every 2020 Democrats’ greatest political fantasies, the nonpartisan Congressional Budget Office…
    Mitch Kokai, July 10, 2019
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    Government dependency plunging under Trump

    Editors at Issues and Insights wonder why more people haven’t noticed a drop in dependency on the federal government in recent years. Friday’s jobs report showed that the economy created 224,000 new jobs, yet the unemployment rate edged up to 3.7%. Both are welcome news. The unemployment rate…
    Mitch Kokai, July 9, 2019
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    Pre-recession spending and today’s budget

    We hear a lot about the need to return spending to pre-recession levels. And spending grew a lot just before the recession. The budget grew 8.9% in fiscal year 2006-07 and another 9.0% in fiscal year 2007-08. What doesn’t get mentioned is that the Democratic General Assembly and Democratic Gov.
    Joseph Coletti, July 8, 2019
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    A message for Swedophiles

    Daniel Schatz writes for Commentary magazine about myths and facts connected to the Swedish economy. Sweden’s period of classical economic liberalism did not last. The decades that followed were characterized by the growth of the generous cradle-to-grave welfare state envied by Ocasio-Cortez, Senator Bernie Sanders, and their fellow…
    Mitch Kokai, July 8, 2019
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    Grant pans Austria’s 100-year bonds

    Jim Grant of Barron’s highlights the flaws of Austria’s new 100-year bonds. The National Weather Service makes 76 billion meteorological observations a year and mobilizes computing power 10,000 times greater than the Dell on your desk, but its basic forecasting horizon is a week to 10 days. Yet…
    Mitch Kokai, July 8, 2019
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    The stock market and Trump’s electoral prospects

    Andrew Bary writes for Barron’s that the stock market might be pointing toward re-election for President Trump. Love him or hate him, President Donald Trump has been good for the stock market. The S&P 500 index has returned nearly 50% since his surprise election victory in 2016, and…
    Mitch Kokai, July 8, 2019