Author Archive

Bridge to O-where

Brett Noel

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Caught by the tail

Brett Noel

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Obama’s ‘tax cut’ debacle

Dan Calabrese

I bet you didn’t know Democrats and their media allies were such fans of tax cuts. Actually, neither did they, until they figured out a way to turn them to their political advantage – and until they found a way to completely twist the notion of what a meaningful tax cut really is.

It’s true that President Obama proposed a temporary cut in the payroll tax, and for a man who is so concerned about what the Bush tax cuts supposedly cost the Treasury, he sure doesn’t seem too worried about its effect on Social Security, which is what the payroll tax funds.

But then again, Democrats are always telling us that Social Security is just fine, so hey, why collect the payroll tax at all?

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Bridge over troubled former Enron advisers

Brett Noel

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Gee, let’s borrow and spend another $300 billion to ‘create jobs’

Dan Calabrese

Reports leaking in advance of President Obama’s much-heralded-for-some-reason jobs speech say he will propose $300 billion in new initiatives designed to “create jobs.”

Unsurprisingly, there are said to be no initiatives aimed at eliminating barriers to productivity and growth in the private sector. Obama wants to spend money the federal government doesn’t have on unemployment checks and public works projects, which he thinks will spur consumer spending and get construction workers back on the job.

So much to say about this:

- If the theory is that more consumer spending creates jobs because more people buy stuff, and you can therefore employ more people to make more stuff, how does that work when you’re merely extending unemployment benefits for people who have already been getting them for some time now? By doing that, you don’t increase consumer buying power to anything greater than it already is.

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Laces out, Jay!

Brett Noel

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Double bogey

Brett Noel

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Austerity for thee, but not for me

Brett Noel

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Dreams of My Former Enron Adviser

Brett Noel

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The deeper the bull, the bigger the bear

Brett Noel

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