When the now-infamous Donald Trump-Billy Bush audio feed was released, my confidence in Trump all but evaporated. The conversation about kissing, groping and fondling women was worse than so-called locker room talk. It was vile, vulgar and inexcusable for a grown man.
But it didn't end with the audio tape. After that came a barrage of sexual ...Read more
You've got to hand it to Team Hillary Clinton. Its message discipline is awesome -- at least in terms of taxes. It reminds me of the orderly march of the Chinese Red Army on the way to battle.
Here's the latest message: The George W. Bush tax cuts were responsible for the financial meltdown and recession of 2008-09. That's a new low for ...Read more
Fifty-four years ago, at The Economic Club of New York, President John F. Kennedy unveiled a dramatic tax cut plan to revive the long-stagnant U.S. economy. He proposed lowering marginal tax rates for all taxpayers and reducing the corporate tax. He advised lowering the top tax rate from 91 to 65 percent, and closing tax loopholes. Five times ...Read more
The election season is heating up. Donald Trump has pulled back even with Hillary Clinton, and every new economic number is being scrutinized for its supposed political meaning.
The unexpectedly soft U.S. Bureau of Labor Statistics August job report will lend a little political advantage to Trump. In general, jobs came in 30,000 to 40,000 ...Read more
Doing the same thing over and over again and expecting different results, when in fact the results never change, is one definition of insanity. That goes for economics, too.
Over the past seven and a half years, President Obama has maintained a steady course of burdensome new regulations, significant tax increases and massive federal spending...Read more
Did Hillary Clinton actually propose raising middle-income taxes in a recent speech? The audio suggests she said, "We are going to raise taxes on the middle class," although the prepared remarks indicate she meant, "We aren't going to." Well, these things happen. But the fact remains that Clinton's proposals to raise taxes on so-called rich ...Read more
This economy may be perilously close to recession. That was the message of the second-quarter real GDP report and its meager 1.2 percent growth rate.
Over the past year, real GDP has slipped to a paltry 1.2 percent. Business investment continues to fall. Building and factory construction has dropped sharply. Productivity is flat. The profits ...Read more