Not everyone is suffering job loss, income declines and financial devastation from the coronavirus pandemic. Some people are looking to get rich off the tragedy. Trial lawyers see COVID-19 casualties and images of asbestos and tobacco lawsuits dancing in their heads. They are drooling over the prospects of a $100 billion COVID-19 jackpot. The ...Read more
Back in 2009, Nancy Pelosi infamously declared the best way to revive the economy was to dole out ever more generous food stamps and unemployment benefits. The more people collecting welfare the better. At the time, this notion seemed laughable. Now this economic illiteracy seems to have become a conventional wisdom.
This was a headline in the ...Read more
"Are you lonesome tonight? / Do you miss me tonight? / Are you sorry we drifted apart? / Does your memory stray to a brighter, sunny day?" -- Elvis Presley
Loneliness is such a sad affair, as the saying goes, and our politicians have succeeded in turning America into a lonely nation by decree. We are going on four months now of lock-ins,...Read more
If the "liberal" green movement had the political power during earlier periods of our nation's history that it has now, we would not have built the railroads. Also, there would be no interstate highway system, and the electric grid system that powers our country would be disconnected and shattered.
What else can one conclude when a significant ...Read more
The June blockbuster jobs report is more evidence that the economy is healing, but this remains a brutal period for the some 30 million still unemployed Americans.
Nearly every industry -- with very few exceptions -- has been forced to impose layoffs, furloughs or dramatic reductions in hours for its employees. The one major exception has been ...Read more
The most recent jobs report found that nine of the 10 states with unemployment rates above 14% are in liberal blue states. Ranked from highest to lowest, they are Nevada (25.3%), Hawaii (22.6%), Michigan (21.2%), California (16.3%), Rhode Island (16.3%), Massachusetts (16.3%), Delaware (15.8%), Illinois (15.2%), New Jersey (15.2%) and Washington...Read more
The coronavirus shutdown has flattened multiple industries across America -- everything from airlines and manufacturers to hospitals, retailers, oil and gas producers, and restaurants. Many of the 30 million small and large businesses in the country have reported a 30% reduction in revenues. Amid the carnage, one sector of the economy is ...Read more
It's the oddest thing. The more America's Big Tech companies such as Amazon, Apple, Facebook, Google, Microsoft and Twitter have contributed to keeping America's economy afloat during the coronavirus lockdown, the louder the voices get to break them up or to tie them up into regulatory knots.
At the same time that the White House and many ...Read more
The crisis of the coronavirus-induced economic lockdown and now the violent protests in the streets have unleashed a depression-level financial crisis and unprecedented human suffering -- especially in our inner cities. These events have also exposed a Grand Canyon-sized chasm that now separates how the left and the right see America today. To ...Read more
The recovery stage for our economy is finally here, and now the policy priority has to shift to getting people back on the job and getting businesses up and running. The best incentive to get businesses hiring again and get workers off unemployment is to suspend the payroll tax for the rest of the year.
So far, Congress' "stimulus" plans have ...Read more
America is starting to reopen for business across the country -- except for a handful of states where lockdown orders are expected to remain in place for weeks to come. With very few exceptions, the cities and states that have ordered their businesses to remain comatose and their millions of workers to go without paychecks are blue, blue, blue. ...Read more
Usually, when a CEO severely underperforms peers, he or she is fired or handed a gold watch and given a quick retirement party. In the Democratic Party, a rotten performance is a qualification for the presidency.
I'm referring to the bizarre infatuation inside Democratic circles with New York Gov. Andrew Cuomo as a possible replacement for Joe ...Read more
The U.S. economy is at last moving into the recovery stage from the coronavirus, at least in most states.
One definite pattern has emerged: Republican states are reopening much more swiftly than Democratic states. A most notable case in point is the revival strategies of the four largest states. California and New York are closed for weeks to ...Read more