The judicial decision to uphold all of the president's health care subsidies may be very disappointing, but the economics of Obamacare are far worse than whatever constitutional mistakes have been committed by the Supreme Court.
The economics of Obamacare are very bad. The law is inflicting broad damage on job creation and new ...Read more
"There is not a reason in the world why we cannot grow at a rate of 4 percent a year." That's what Jeb Bush said when he officially announced his presidential run in Miami last week. And right off the bat, most economists trashed the idea.
"It can't happen and it's never happened." "Productivity is too low." "The labor force is growing too ...Read more
Just as the great William F. Buckley Jr. laid the intellectual foundation for the rise of modern conservatism, philanthropist R. Randolph Richardson set down the financial foundation of the new conservative movement. But Randy Richardson, who died May 25 at the age of 89, is not a household name. He was a low-key guy who stayed out of the ...Read more
The strong May jobs report -- including a 280,000 jump in nonfarm payrolls -- reminds me of the big debate over the harmful effects of a strong dollar and falling oil prices. But where's the harm? King Dollar, along with the supply benefits of the fracking revolution, may actually be propping up a subpar economy facing headwinds from heavy ...Read more
First-quarter real GDP actually declined by 0.7 percent, according to revisions out this week, creating much new talk about recession. But there is no recession. Trouble is, there continues to be virtually no recovery.
The economy has expanded about 1.5 percent over the past two quarters, 2.4 percent at an annual rate over the past two years ...Read more
Federal Reserve Chairwoman Janet Yellen told us recently that the target for the federal funds rate will be raised slightly later this year. But after that, future rate hikes will be small and gradual over the next several years. In fact, we may never have true normalization (4 percent). In my view, Yellen is offering a back-to-the-'50s ...Read more
One of the interesting nuggets coming out of the conservative sweep in the British elections was the failure of bank-bashing by the Labour Party. Labour leader Miliband, who has since resigned, was anti-bank, anti-rich and anti-business. It failed. And while conservative leader David Cameron didn't necessarily defend banks, he didn't attack ...Read more
If the GOP doesn't put together a sensible immigration policy, it will lose the 2016 presidential election.
When Obama beat Romney in 2012, with the former Massachusetts governor attracting only 27 percent of the Hispanic vote with his self-deportation argument, Republicans across the map decided they must develop an immigration-reform policy ...Read more
The Insiders: A ThrillerCraig Hickman
Thrill, suspense, conspiracy, mystery, corporate corruption, and more clash in this new brand of thriller by New York Times bestselling author Craig Hickman. Untainted by political, journalistic, or legal manipulation and uncorrupted by fear or threat of retribution, The Insiders enthralls ...
Don't expect any miracles from the economy. But don't expect a collapse, either.
In political terms, it's kind of a Mexican standoff. Team Obama says they saved us from another Great Depression. And they point out that 3.1 million jobs have been created in the last 12 months. Republicans counter that this is the slowest post-WWII recovery on ...Read more
A number of GOP candidates are engaging in Hillary-bashing over allegations that she used her office as secretary of state to help her husband's business dealings, prop up speech-making fees and grease the path for foreign governments to donate massive amounts of money to the Clinton Foundation. But here's a warning to my friends on the ...Read more
When John F. Kennedy was elected president he surprised both Democrats and Republicans with a bold tax-cutting plan to solve the problem of a moribund economy. He had campaigned on "getting the country moving again," and had set a 5 percent economic-growth target, but he never specified how he was going to do it. Then he opened everyone's eyes...Read more
If recent news accounts are to be believed, the framework of agreement between the U.S. and Iran is on the rocks. Iran's top officials, Supreme Leader Ali Khamenei and President Hassan Rouhani, are saying economic sanctions must end immediately and that U.N. inspectors will not be granted unfettered access to military installations and nuclear...Read more